© Dukascopy Bank SA
Now is the right time to make some profit on the pair, as a bullish breakout from a triangle pattern usually leads to an accelerating advancement of the instrument. If these ideas come true, the pair may sequentially target three important resistance zones at 0.9528/9 (four-hour R1, daily R1), 0.9540/56 (four-hour R2, R3; daily R2) and 0.9595 (daily R3). In case the pair succeeds in overcoming these levels, a five-year high at 0.9661 will seem more attainable.
© Dukascopy Bank SA